From Yahoo News: Wednesday, August 22, 2012, 7:01 AM PDT
Congressional analysts see $1.1T federal deficit for 2012, 4th straight year exceeding $1T
AM PDT
US home sales rise 2.3 percent in July to 4.47 million, latest sign of housing recovery
So some good news for the economy in house sales but bad news concerning US debt. It seems the Dow Jones decided to react to the debt news today!
As for our investments: I am considering buying Zagg along with Bryan. Here are some of my calculations (for a real summery email me for more details!)
Zaggs 52 wk low is 6.40 & 52 wk high is 15.64. So my question is: Why is price so low right now at 7.34? Let's find out! EPS is .63 and this EPS rate has doubled 3x in the last six years, so I'm guessing that Zaggs growth rate is close to 25-30%. Plugging in all the other numbers to find Zaggs'retail price' and I come up with $37. So its half price would be $18.9. We call this its MOS or "margin of safety." So to sum up and throw Bryan some questions to answer: Bryan, I came to MOS for Zagg around 18.9?! Am I in the ballpark? I see there EPS has doubled 3x in last 6yrs! Also 52wk low is 6.40 or something close - so 7.34 is great price!
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